S&P Ratings Warn Evergrande Might Not Receive Support From Beijing, Worrying Investors
S&P Global Ratings has warned that Chinese real estate company, China Evergrande, which is currently facing financial issues, might not receive any aid from Beijing as some experts believe.  Evergrande has raked up a massive...
Evergrande Fails to Pay $83.5-Million Interest Payment
Chinese real estate giant, Evergrande, has failed to pay off its interest payments due on Sept. 23, deepening worries that the business is going to collapse and threaten China’s financial system.  The firm was due...
Last-minute Debt Deal Keeps Evergrande Afloat, but Crisis Is Far From Over
The Evergrande Group has struck a last minute deal to avoid defaulting on a bond payment worth an estimated $35.9 million that is due this Thursday Sept. 23. “In a statement filed with the Shenzhen...
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Chinese Economy Struggles With Slow Retail Sales in August
China’s retail sales growth for the month of August came out at a disappointing 2.5 percent when compared to a year back. This is well below the seven percent growth rate expected by analysts polled...
The Chinese real estate group, Evergrande, is facing issues with debt repayments.
China’s Evergrande Conglomerate Reels Under Payment Issues, Threatening Chinese Economy
China’s real estate giant, Evergrande, is teetering on the brink of bankruptcy, unable to service its debts. One of the most indebted private conglomerates in China, the company’s shares, listed in Hong Kong, have crashed...
‘Deep Aging’ Becoming an Increasingly Difficult Problem for Many Major Chinese Cities
China’s once in a decade census has revealed that 14 percent of all residents in 149 cities in China are over the age of 65 indicating a population crisis that will have deep impacts on...
Evergrande Group Crisis Deepens; Protests Erupt Across China
Protests erupted across China over the weekend at numerous properties owned and operated by the Evergrande Group with home buyers, retail investors and even Evergrandes’ own employees speaking out against how the struggling company is...
Food Prices Soar In August Continuing the Trend Upwards as Drought and COVID-19 Woes Continue
According to data from the Bureau of Labor Statistics published on Sept. 10, filling American pantries is becoming increasingly more expensive with prices soaring to record highs on many food staples including beef, pork and...
Trading of Bonds Suspended for Chinese Real Estate Giant Evergrande as Prices Plummet
Once the world’s most valuable real estate company, the Evergrande Group, had trading of its bonds suspended by China’s stock exchanges on Monday Sept. 6. The Shanghai Stock Exchange (SSE) said in a statement that...